Genk Logistics/Immo Genk-Zuid Cert.Imm. Stock Forecast

Genk Logistics/Immo Genk-Zuid Cert.Imm. stock price ended at 58.90€ on Monday, after gaining 0.0170%.
(Updated on Jul 13, 2020)

GENK.BB Signals & Forecast

The Genk Logistics/Immo Genk-Zuid Cert.Imm. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at 52.07€ and 46.55€. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, April 20, 2020, and so far it has risen 52.20%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Genk Logistics/Immo Genk-Zuid Cert.Imm. stock

Genk Logistics/Immo Genk-Zuid Cert.Imm. finds support from accumulated volume at 58.89€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved 0€ between high and low, or 0%. For the last week the stock has had daily average volatility of 1.41%

Our recommended stop-loss: 56.21€ (-4.57%) (This stock has low daily movements and this gives low risk. The RSI14 is 84 and this increases the risk substantially. There is a buy signal from a pivot bottom found 5 days ago.)

Trading Expectations (GENK.BB) For The Upcoming Trading Day Of Tuesday 14th

With no resistance above and support from accumulated volume @ 58.89€, some 0.0100€ (0.02%) from the current price of 58.90€, our system finds the risk reward attractive.

Is Genk Logistics/Immo Genk-Zuid Cert.Imm. stock A Buy?

Genk Logistics/Immo Genk-Zuid Cert.Imm. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: 0.000 Hold/Accumulate Unchanged

Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.

Predicted Opening Price for Genk Logistics/Immo Genk-Zuid Cert.Imm. of Tuesday, July 14, 2020

The predicted opening price is based on yesterday's movements between high, low, and closing price.